Kyle, Texas Property Taxes
The median property tax rate in Kyle, TX is 0.31%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $294,757 in Kyle, the typical annual property tax bill amounts to $1,065, well below the national median of $2,690. Property taxes in Kyle are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kyle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kyle or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kyle, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Kyle, Texas Tax Savings
Ownwell’s Kyle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kyle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kyle to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Kyle. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kyle, Texas
Property taxes in Kyle, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kyle is 2.09%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Kyle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kyle estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Kyle's effective property tax rate to other counties in Texas and the national median. For comparison, 78721 has the highest median property tax rate of 2.61%, while 77045 has the lowest median tax rate of 1.59%. Understanding how these cities compare with Kyle provides valuable insights into the varying tax landscape across Hays County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kyle Tax Rate
0.31%
Average Travis County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kyle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78640 | 0.19% | 0.23% | 0.31% | 1.89% | 1.93% |
Source: Ownwell
$1,148
Average Kyle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Kyle, Texas
In Kyle, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Travis County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Kyle, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Kyle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Kyle, the zip code with the highest median tax bill is 78640, with a median tax bill of $1,065.
Average Kyle Assessed Value
$294,757
Average Travis County Assessed Value
$537,591
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kyle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78640 | $23,574 | $113,009 | $294,757 | $441,921 | $533,277 |
Source: Ownwell
$1,148
Average Kyle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Kyle, Texas
Property tax bills in Kyle, located in Travis County, TX, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $294,757, homeowners can expect a range of tax bills, from $677 at the 25th percentile to $5,792 at the 90th percentile. This variability is influenced by factors such as property location, size, and improvements. Ownwell can help homeowners in Kyle save on their property tax bills by providing expert property tax appeal and exemption services. By thoroughly reviewing your property's assessed value and identifying any discrepancies or opportunities for exemptions, Ownwell ensures that you are not overpaying. This can lead to significant savings, especially in areas with higher tax rates compared to the national median property tax rate of 0.99%. Trust Ownwell to navigate the complexities of property tax assessments and secure the best possible outcome for your financial well-being.
Average Kyle Tax Bill
$1,065
Average Travis County Tax Bill
$7,669
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kyle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78640 | $431 | $677 | $1,065 | $1,281 | $5,792 |
Source: Ownwell
$1,148
Average Kyle Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Travis Appraisal District | |
| Phone | (512) 834-9317 |
| Website | stage.travis.prodigycad.com |
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